The Idea That "Externalities Arise Because Something of Value Has

question 224

Multiple Choice

The idea that "externalities arise because something of value has no price attached to it" is associated with

• A)public goods, but not with common resources.
• B)common resources, but not with public goods.
• C)both public goods and common resources.
• D)neither public goods nor common resources.

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Definitions:

Demand Characteristic

Cues or signals in an experiment that might inform participants about the purpose of the study, potentially influencing their behavior.

Deception

Misinformation that a participant receives during a research investigation.

Demand Characteristics

Demand characteristics refer to subtle cues or signals in an experiment that communicate to the participants how they are expected to behave.

Placebo Group

In drug research, a group given an inert substance to assess the psychological effect of receiving a treatment.